Powered by MOMENTUM MEDIA
subscribe to our newsletter

Centrepoint announces funding agreement with NAB

Mortgage and wealth group Centrepoint Alliance has completed the refinancing of its premium bank funding with NAB.

Centrepoint says the new arrangement with the major bank has a funding facility limit that is “flexible to meet our growth ambitions, with lower rates, fees and capital requirements”.

“The business is well-positioned and we continue to receive strong support from our long-term clients, and we are developing new relationships weekly,” CEO of Centrepoint Alliance Premium Funding, Bob Dodd, said in a statement to shareholders.

“This new, cheaper facility allows the group to progress our growth strategy.”

The announcement comes after Centrepoint rebranded its various businesses together under a single brand with related sub-brands in June as part of moves to simplify its structure.

Advertisement
Advertisement

PROMOTED CONTENT


Centrepoint Alliance Lending and Centrepoint Alliance Premium Funding have combined to become Centrepoint Alliance Lending Solutions, while Centrepoint Alliance Investment Solutions now houses Ventura, vMAPS and platform solutions.

Associated Advisory Practices has been renamed Centrepoint Alliance Licensee Solutions, while Alliance Wealth and Professional Investment Services is now known as Centrepoint Alliance Financial Advice.

[Related: Centrepoint announces changes to executive team]

Centrepoint announces funding agreement with NAB
mortgagebusiness

Latest News

Home ownership costs jumped by 130 per cent over two generations, with Gen X spending a quarter of their income servicing their loan, accord...

Fintech lender Tic:Toc has secured $25 billion of additional funding for the next seven years, after extending a partnership with Bendigo an...

The non-bank lender has closed its first RMBS deal under the Bluestone Prime program, worth $700 million. ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.